Dubai Islamic Bank to market benchmark dollar perpetual notes

By Christine Van Dusen

Atlanta, Jan. 6 – Dubai Islamic Bank PJSC will set out on Thursday for a roadshow to market a dollar-denominated and benchmark-sized offering of Islamic notes, a market source said.

HSBC and Standard Chartered Bank are the joint structuring banks and Al Hilal Bank, Dubai Islamic Bank, Emirates NBD Capital, HSBC, National Bank of Abu Dhabi, Noor Bank, Sharjah Islamic Bank and Standard Chartered Bank are the joint lead managers for the Regulation S deal.

The roadshow will begin in Hong Kong and travel to Singapore and the United Arab Emirates before concluding on Jan. 12 in London.

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